Should the U.S. Legalize Marijuana?

Should the U.S. Legalize Marijuana?

The recreational use of marijuana has been glamorized over the years by such on-screen duos as Cheech & Chong and Harold & Kumar, but is the drug everything that Hollywood makes it out to be? Then again, are we being hypocritical by allowing alcohol consumption but not cannabis usage? With passionate believers on both sides of the argument, it will be interesting to see what happens when the smoke clears.

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NORML

It’s the Economy, Stupid!

National Organization for the Reform of Marijuana Laws

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With marijuana prohibition costing the U.S. government billions of valuable tax dollars annually. The societal costs of propagandizing against marijuana and marijuana law reform, funding anti-marijuana 'science', interdicting marijuana, eradicating domestically grown marijuana and industrial hemp, law enforcement, prosecuting and incarcerating marijuana smokers costs U.S. taxpayers in excess of $12 billion annually. Marijuana legalization offers an important advantage over decriminalization in that it allows for legal distribution and taxation of cannabis. In the absence of taxation, the free market price of legal marijuana would be extremely low, on the order of five to ten cents per joint. In terms of intoxicating potential, a joint is equivalent to at least $1 or $2 worth of alcohol, the price at which cannabis is currently sold in the Netherlands. The easiest way to hold the price at this level under legalization would be by an excise tax on commercial sales. An examination of the external costs imposed by cannabis users on the rest of society suggests that a "harmfulness tax" of $.50 - $1 per joint is appropriate. It can be estimated that excise taxes in this range would raise between $2.2 and $6.4 billion per year. Altogether, legalization would save the taxpayers around $8 - $16 billion, not counting the economic benefits of hemp agriculture and other spinoff industries.

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  • Dr Kevin Sabet
    Working in drug policy issues for more than a decade, Kevin Abraham Sabet, Ph.D., 29, is one of the world’s foremost experts in the field of drug policy. Kevin... More

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